Must Reads for Dec. 12

December 12, 2011

What would a break-up of the euro currency area look like? Willem Buiter of Citigroup explores the question in the Financial Times. The answer in one word? Pandemonium. And to show how hard predicting the economic future is, the Economist’s Ryan Avent recounts what the magazine was saying about the economy — and how much it got wrong — in 1931.

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